Peter Cancro was still in high school when he took a leap of faith and took out a six-figure loan to buy a small sandwich shop on the Jersey Shore where he had worked since he was 14.
By the time Cancro joined what was then called Mike’s Subs, the shop, started by Mike Ingravallo in 1956, was already a mainstay of Cancro’s hometown of Point Pleasant, N.J. But Cancro’s vision would later turn the small operation into Jersey Mike’s—a national chain with 4,000 locations open and under development.
